Month: July 2024
Tomorrow... Real estate registration begins for 113,541 plots in 11 neighborhoods in Riyadh
Reading time: < 1 MinuteTomorrow... Real estate registration begins for 113,541 properties in 11 neighborhoods in Riyadh
Electricity Regulatory Authority announces completion of compensation for consumers in Shroura Governorate
Reading time: < 1 MinuteThe Saudi Electricity Regulatory Authority announced that the Saudi Electricity Company has completed the disbursement of financial compensation to all eligible consumers in Sharurah Province, in accordance with the Guaranteed Standards for Electricity Service, automatically and without the need for consumers to file a complaint or claim, within the 10-day period previously stipulated by the Authority’s Board of Directors’ resolution issued on January 8, … Read more
Infographic | SAR 8 billion in sales in Al Fursan suburb since the project's launch
Reading time: 2 MinutesThe National Housing Company (NHC) announced the sale of more than 60% residential units in the Al-Fursan suburb in northeastern Riyadh, with a total value exceeding 8 billion riyals and more than 7,000 residential units sold since its launch through the first half of 2024. The company clarified that the total number of units sold during the first half of this year exceeded 4,100 residential units, … Read more
Saudi Contractors Authority launches the national strategy study project for the contracting sector
Reading time: < 1 MinuteThe Saudi Contractors Authority has launched a project to study the national strategy for the construction sector, with the aim of developing it and strengthening its role in achieving Vision 2030, and transforming the construction sector into an industry, as well as building a database containing contractor evaluations based on precise and highly reliable criteria in cooperation with relevant authorities, and providing contractors with opportunities to execute projects in their areas of expertise to improve quality. This announcement was made during a ceremony organized by the Authority … Read more
Everything you need to know about King Abdulaziz Park
Reading time: 2 MinutesThe Board of Directors of the Royal Commission for Riyadh City announced the start of construction on King Abdulaziz Park, one of the major parks in Riyadh, as part of the “Green Riyadh” projects. A directive had been issued by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God support him—to name the park “King Abdulaziz Park” based on a proposal submitted by His Royal Highness Prince … Read more
After approval by the Council of Ministers 24 Articles of the Anti-Corruption Law Promote Transparency and Integrity
Reading time: 2 MinutesAt yesterday’s session, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud—may God protect him—and held in Jeddah, the Council of Ministers approved the regulations of the Oversight and Anti-Corruption Authority. His Excellency Mr. Mazen bin Ibrahim Al-Khamous, President of the Oversight and Anti-Corruption Authority, expressed his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His … Read more
Real Estate Fund: 996 million riyals deposited in the accounts of “Residential” beneficiaries for July 2024
Reading time: < 1 MinuteThe Real Estate Development Fund announced today that it has deposited 996 million riyals into the accounts of “Sakani” beneficiaries from the Ministry of Municipalities and Housing and the ”Real Estate Fund” for the month of July 2024. Mansour bin Madi, CEO of the Real Estate Fund, explained that the total June subsidy of 996 million riyals was allocated to support profits from various housing subsidy programs, with the aim of improving beneficiaries’ ability to own homes in order to achieve the targets … Read more
Saudi Arabia's home furnishings market to reach $5.98 billion by 2029, report predicts
Reading time: 2 MinutesA report by “Mordor Intelligence” revealed that the size of the home furniture market in Saudi Arabia is estimated at $4.49 billion in 2024, noting that it is expected to reach $5.98 billion by 2029, with a compound annual growth rate of 5.91% during the forecast period (2024–2029). The report explained that living room furniture and bedroom furniture … Read more
Equinox Resort, a new beauty in NEOM, dazzles tourists on the Gulf of Aqaba coast
Reading time: < 1 MinuteNEOM announced the creation of the “Equinox“ resort, which combines luxury experiences with sustainability and innovation, in ”Triam,“ one of the twelve ”Magna“ destinations stretching along the Gulf of Aqaba coastline in NEOM. In a statement, NEOM explained that the ”Equinox Resort“ will offer an unprecedented hospitality experience at this destination, which is considered one of the world’s most significant undiscovered coastal locations, combining … Read more
